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Anglo American Platinum update

18 October, 2012

Anglo American Platinum Limited (“Anglo American Platinum”) is providing an update on the ongoing illegal industrial action around its Rustenburg, Union and Amandelbult mining operations.

It has been five weeks since the initial safety suspension and the subsequent illegal industrial action and despite the company’s repeated calls for employees to return to work, attendance levels remain below 20%. Currently the majority of the mining operations in Rustenburg and north of Pilanesburg have insufficient staff to operate safely and continue to carry out essential services only.

Anglo American Platinum has previously reported that it was willing to consider bringing the wage negotiations forward to help facilitate the return of its employees to work. The company has resolved to commence engagements with its recognised unions, namely, NUM, UASA, and NUMSA to explore options to facilitate the return of employees currently involved in illegal strike action, to work. These discussions will be done on an expedited basis.

To enable the process to proceed smoothly, the company has decided to delay the dismissal process at Union and Amandelbult mines to afford these negotiations every chance of success. Anglo American Platinum confirms that while it retains its stated position that it will not reinstate the 12000 dismissed Rustenburg employees, the company has agreed with its recognised unions that it is willing to discuss their status as part of this engagement.
Chris Griffith, Anglo American Platinum CEO says: “We are faced with extremely complex challenges that require innovative solutions that will address the very real economic issues affecting the entire Platinum industry. We believe that it is only right for us to engage with our recognised unions and work together to find the best way forward.”

Further updates will be provided as appropriate.

For further information, please contact:

Media Investors
Mpumi Sithole
Tel: +27 (0)14 591 3741
[email protected]
Kgapu Mphahlele
+27 (0) 11 373 6239 
[email protected]

Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s leading primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. Anglo American Platinum has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry. Anglo American Platinum is committed to the highest standards of safety and continues to make meaningful and sustainable difference in the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is one of the world’s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals – copper and nickel; and precious metals and minerals – in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company’s mining operations, extensive pipeline of growth projects and exploration activities span Southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com